58-2-19. Interests of personnel in insurance transactions prohibited--Misdemeanor.
The director or any examiner, assistant, or employee of the division shall not be financially interested, directly or indirectly, in any insurer, insurance agency, or insurance transaction except as a policyholder or claimant under a policy; except, that as to such matters wherein a conflict of interests does not exist on the part of any such individual, the Department of Labor and Regulation may employ or retain from time to time insurance actuaries, attorneys, or other technicians who are independently practicing their professions even though similarly employed or retained by insurers or others. Violation of this section is a Class 2 misdemeanor.
Source: SL 1966, ch 111, ch 2, §8; SL 1978, ch 359, §2; SL 2003, ch 272, §20; SL 2011, ch 1 (Ex. Ord. 11-1), §162, eff. Apr. 12, 2011.
Structure South Dakota Codified Laws
Chapter 02 - Division Of Insurance
Section 58-2-2.1 - Appointment of director--Removal.
Section 58-2-3 - Qualifications of director.
Section 58-2-9 - Legal adviser to division--Employment--Duties.
Section 58-2-10 - Actuaries--Employment by department--Duties.
Section 58-2-11 - Examiners for examination of insurers and others--Employment by department.
Section 58-2-13 - Chief clerk and employees--Appointment.
Section 58-2-14 - Division personnel--Termination of employment by department.
Section 58-2-17 - Compensation of personnel.
Section 58-2-19 - Interests of personnel in insurance transactions prohibited--Misdemeanor.
Section 58-2-21 - Enforcement of provisions of this title.
Section 58-2-22 - Power and authority of director--Examinations and investigations.
Section 58-2-23 - Additional powers and duties of director provided by other laws.
Section 58-2-24 - Delegation of powers by director.
Section 58-2-26 - Records--Keeping by director--Public inspection.
Section 58-2-27 - Director's certificate of authority--Evidence.
Section 58-2-28 - Certified copies of records in office of director as evidence.
Section 58-2-29 - Fees, licenses, and charges--Collection by director in advance.
Section 58-2-30 - Disposition of money received by director.
Section 58-2-40 - Promulgation of rules to protect privacy of medical records.